Millennials – it’s the largest generation in the United States made up of more than 90 million people aged 16 to 36.
Global X Funds hopes to capitalize with its launch today of its Global X Millennials Thematic ETF (Nasdaq: MILN).
MILN is the ninth ETF in Global X’s suite of thematic funds, and the first in its ‘People’ category, which focuses on emerging trends pertaining to changing demographics and consumer behaviors.
Global X plans to further expand the ‘Thematic – People’ category with launches of the Global X Longevity Thematic ETF (LNGR) and the Global X Health & Wellness Thematic ETF (BFIT) expected next week.
MILN includes those companies that are among the best positioned to benefit as Millennials, those aged 16-36, gradually enter peak earning years, and become a major force within the U.S. economy.[related_stories]
Millennials currently earn roughly $2 trillion in income, and are poised to earn roughly $8 trillion by 2025. Additionally, the total transfer of wealth from Baby Boomers to Millennials is expected to reach $40 trillion.